The budget analyst salary is determined by factors like the specific industry you work in, your level of education, company size and training. Now that you know this information its much easier to choose what is a good salary for an experienced budget analyst.
Budget analysts are usually paid an hourly wage, and the range tends to be between $20 and $30 per hour. However, budget analysts who have more experience may be paid more than this range.
Budget analysts typically work in offices or cubicles, and they may have to travel for their job.
Salary for budget analyst
A person working as a Budget Analyst in United States typically earns around 117,000 USD per year. Salaries range from 54,900 USD (lowest) to 184,000 USD (highest).
This is the average yearly salary including housing, transport, and other benefits. Budget Analyst salaries vary drastically based on experience, skills, gender, or location. Below you will find a detailed breakdown based on many different criteria.
Budget Analyst Salary Distribution in United States
The median, the maximum, the minimum, and the range
- Salary RangeBudget Analyst salaries in United States range from 54,900 USD per year (minimum salary) to 184,000 USD per year (maximum salary).
- Median SalaryThe median salary is 124,000 USD per year, which means that half (50%) of people working as Budget Analyst(s) are earning less than 124,000 USD while the other half are earning more than 124,000 USD. The median represents the middle salary value. Generally speaking, you would want to be on the right side of the graph with the group earning more than the median salary.
- PercentilesClosely related to the median are two values: the 25th and the 75th percentiles. Reading from the salary distribution diagram, 25% of Budget Analyst(s) are earning less than 80,400 USD while 75% of them are earning more than 80,400 USD. Also from the diagram, 75% of Budget Analyst(s) are earning less than 163,000 USD while 25% are earning more than 163,000 USD.
Budget Analyst Salary Comparison by Years of Experience
How does experience and age affect your pay?
The experience level is the most important factor in determining the salary. Naturally the more years of experience the higher your wage. We broke down Budget Analyst salaries by experience level and this is what we found.
A Budget Analyst with less than two years of experience makes approximately 63,300 USD per year.
While someone with an experience level between two and five years is expected to earn 87,300 USD per year, 38% more than someone with less than two year’s experience.
Moving forward, an experience level between five and ten years lands a salary of 124,000 USD per year, 42% more than someone with two to five years of experience.
Additionally, Budget Analyst(s) whose expertise span anywhere between ten and fifteen years get a salary equivalent to 151,000 USD per year, 22% more than someone with five to ten years of experience.
If the experience level is between fifteen and twenty years, then the expected wage is 160,000 USD per year, 6% more than someone with ten to fifteen years of experience.
Lastly, employees with more than twenty years of professional experience get a salary of 174,000 USD per year, 9% more than people with fifteen to twenty years of experience.
Budget Analyst average salary change by experience in United States
| 0 – 2 Years | 63,300 USD | |
| 2 – 5 Years | +38% | 87,300 USD |
| 5 – 10 Years | +42% | 124,000 USD |
| 10 – 15 Years | +22% | 151,000 USD |
| 15 – 20 Years | +6% | 160,000 USD |
| 20+ Years | +9% | 174,000 USD |
Percentage increase and decrease are relative to the previous value
Budget Analyst Salary Comparison By Education
We all know that higher education equals a bigger salary, but how much more money can a degree add to your income? We broke down Budget Analyst salaries by education level in order to make a comparison.
When the education level is High School, the average salary of a Budget Analyst is 78,200 USD per year.
While someone with a Certificate or Diploma gets a salary of 91,200 USD per year, 17% more than someone having a High School degree.
A Bachelor’s Degree gets its holder an average salary of 133,000 USD per year, 45% more than someone with a Certificate or Diploma.
Professionals who hold a Master’s Degree are rewarded with an average salary of 174,000 USD per year, 31% more than someone with Bachelor’s Degree.
Budget Analyst average salary difference by education level in United States
| High School | 78,200 USD | |
| Certificate or Diploma | +17% | 91,200 USD |
| Bachelor’s Degree | +45% | 133,000 USD |
| Master’s Degree | +31% | 174,000 USD |
Percentage increase and decrease are relative to the previous value
